Global Glyphosate Herbicide Market

Glyphosate is a herbicide which is applied to leaves of the plants to kill annual broadleaf plants and grasses. Glyphosate (sodium salt) is also used to regulate plant growth and ripen fruit. In the year 1974, glyphosate was first registered for using in US. It was mostly used for agriculture in US followed by forestry, on lawns and gardens, and for weeds in industrial areas. Some products containing the herbicide are also used for controlling aquatic plants. WHO has claimed these agrochemicals are unlikely to cause cancer and are genotoxic in nature.

Market Dynamics

The global glyphosate herbicide market is projected to reach USD 11.74 billion by 2022, at a CAGR of 6.8% over the forecast period 2017-2022.The growth in demands for food security along with increasing production of GM crops are identified as the major drivers for glyphosate. Cultivation of GM crops like soybean, rapeseed, maize, and cotton in developing regions of Asia-Pacific and South America will provide future potential for the sector. However, the ban on glyphosate in European countries and regulatory constraint over GM crops are the possible challenges faced by the industry.

Market Segmentation

The industry is segmented by application (oilseeds and pulses, cereals and grains, fruits and vegetables, and others), by type (conventional crops and GM crops-45% of total usage), and by geography (APAC, Europe, MEA, North America, and South America).

Regional/Geographic Analysis

The largest consumer base is in Asia-Pacific (mostly led by China and India) region followed by North America and Europe. As per reports, more than 300 glyphosate herbicides from more than 40 different companies are currently registered for sale in Europe. The low affordability and explicit cost cutting measures of farmers hinder the real potential of the market.

Opportunities

Increasing the per hectare yield with the global food demand will act as a fuel in increasing demand for glyphosate. Also, farmers are getting more aware about the plant growth enhancement with agricultural upliftment will boost the growth for glyphosate market. Rising production of genetically modified crops along with the increasing food consumption and demand from cattle feed will enhance the glyphosate market size.

Key Players

--> Syngenta

--> Bayer

--> BASF

--> DuPont

--> Dow Agrosciences

--> Monsanto

--> Syngenta

--> Nufarm

--> Nantong Jiangshan Agrochemical & Chemicals Co. Ltd.

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage